Monday, February 27, 2012

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street edges up on housing data, oil retreat (Reuters)

Posted: 27 Feb 2012 08:48 AM PST

Traders work on the floor of the New York Stock Exchange February 24, 2012. REUTERS/Brendan McDermidReuters - U.S. stocks edged up on Monday with equities rebounding from early lows as oil prices retreated from worrisome levels and data showed continued improvement in the beaten-down U.S. housing market.

U.S. consumers shed debt in Q4 (Reuters)

Posted: 27 Feb 2012 09:05 AM PST

Reuters - U.S. consumer debt fell a modest 1.1 percent in the fourth quarter as mortgage debt continued to decline, the New York Federal Reserve said on Monday.

Pending home sales near a 2-year high in January (Reuters)

Posted: 27 Feb 2012 07:04 AM PST

Reuters - Signed contracts for home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market.

German parliament approves second Greek aid package (Reuters)

Posted: 27 Feb 2012 08:46 AM PST

Reuters - Germany's parliament approved a second Greek bailout package on Monday despite growing German unease over debt-ridden Greece's ability to push ahead with painful austerity measures and remain in the euro zone.

G20 to Europe: Show us the money (Reuters)

Posted: 27 Feb 2012 01:25 AM PST

Reuters - Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.

SEC's Paredes calls for new Volcker rule draft (Reuters)

Posted: 24 Feb 2012 12:27 PM PST

Reuters - U.S. regulators should scrap a proposal on the Volcker rule that curbs banks' speculative bets, and work on a fresh one that does not threaten the health of markets, a member of the U.S. Securities and Exchange Commission said on Friday.

Analysis: Oil price rise raises specter of global recession (Reuters)

Posted: 26 Feb 2012 09:39 AM PST

Reuters - A jump in energy prices is jamming the slow-turning cogs of an economic recovery in the West, but that may be nothing compared to the economic shock an Israeli attack on Iran would cause.

Summary Box: Lowe's 4th-qtr profit climbs 13 pct (AP)

Posted: 27 Feb 2012 08:42 AM PST

AP - THE NEWS: Lowe's Cos. said Monday its fourth-quarter net income climbed 13 percent as mild winter weather spurred homeowners to complete more home-improvement projects.

German lawmakers approve new Greek bailout (AP)

Posted: 27 Feb 2012 09:10 AM PST

AP - The German parliament approved a second, euro130 billion ($173 billion) loan package for Greece on Monday after Chancellor Angela Merkel warned lawmakers that it would be irresponsible to abandon the country to bankruptcy.

G-20 linking IMF hike to bigger EU 'firewall' fund (AP)

Posted: 26 Feb 2012 07:16 PM PST

AP - The G-20 nations are conditioning additional money for the International Monetary Fund on the European Union first increasing its financial stabilization funds to ease concerns about the euro zone debt crisis, officials said Sunday.

Sales contracts for homes rose 2 pct. in January (AP)

Posted: 27 Feb 2012 07:48 AM PST

AP - The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back.

TransCanada aims to build southern Keystone leg (Reuters)

Posted: 27 Feb 2012 09:15 AM PST

Reuters - TransCanada Corp said on Monday it aims to build the southern leg of its $7 billion Keystone XL oil pipeline first, skirting a full-blown federal review and heightening competition to move crude out of the glutted Cushing, Oklahoma, storage hub.

Detroit automakers race to keep up with sales (AP)

Posted: 27 Feb 2012 06:20 AM PST

AP - Auto sales are growing so fast that Detroit can barely keep up.
Posted by Harshad at 9:24 AM

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